Note:

This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

March 25, 2024
To whom it may concern:
Company name:
Furukawa Co., Ltd.
Name of representative: Minoru Nakatogawa
President & Representative Director(Securities code: 5715; TSE Prime Market)
Inquiries:
Koichiro Konno
Director & Senior Executive Officer andGeneral Manager, Corporate Planning
Department(Telephone: +81-3-6636-9501)

Notice Concerning Transfer of Shares in Cariboo Copper Corp.
Furukawa Co., Ltd. (the Company) owns a 25% interest in Cariboo Copper Corp. (CCC), whichowns a 25% interest in the Gibraltar Copper Mine in Canada. The Company hereby announcesthat its Board of Directors, at a meeting held today (March 25, 2024), resolved to transfer all of
the Company’s shares in CCC to Taseko Mines Limited (Taseko), which also holds 50% of theshares of CCC. Please see below for details.
1. Reason for share transfer
Following a fundamental review of the entrusted smelting business conducted by FurukawaMetals & Resources Co., Ltd. (core operating company handling the Furukawa Company
Group’s Metals segment), the Company terminated its copper smelting contract with Onahama
Smelting and Refining Co., Ltd., effective March 31, 2023, thereby reducing the scale of theGroup’s copper production. This led to a decline in the amount of copper concentrate requiredfor production, prompting the Company to review its copper mining investment interests. As aresult of the review, the Company decided to make the share transfer.
2. Date of share transfer
March 25, 2024
3. Overviews of Gibraltar Copper Mine, Taseko, and CCCGibraltar Copper Mine
Name: Gibraltar Copper Mine
Location: Williams Lake, British Columbia, Canada
Production (concentrate): Approx. 230,000 WMT/year (actual production for 2023)
Mining method: Open-pit mining

TasekoName: Taseko Mines Limited (mining company listed on the Toronto Stock Exchange, Canada)
Location: Vancouver, British Columbia, Canada
Representative: Mr. Stuart McDonald (President & CEO)
Main business: Resource development
CCC
Name: Cariboo Copper Corp.
Established: March 11, 2010
Location: Vancouver, British Columbia, Canada
Representative: Mr. Richard Tremblay (Chief Operating Officer, Taseko)
Capitalization: C$91 million
Main business: Operation and management of Gibraltar Copper Mine
4. Breakdown of investments in Gibraltar Copper Mine prior to share transfer

Taseko100%

Furukawa
Co., Ltd.

Dowa Metals & Mining
Co., Ltd.

25%

25%

Gibraltar Mines LTD.

Taseko50%

Cariboo Copper Corp.

75%

25%
Gibraltar Copper Mine

5. Effect on the Company’s business
Due to the aforementioned transfer of shares of CCC, the Company expects to post extraordinary
losses on liquidation of investments and loans in affiliated companies of approximately ¥2.1billion (consolidated) and ¥1.6 billion (non-consolidated) in the fiscal year ending March 31,2024. On the other hand, we expect to record extraordinary income in the form of gain on salesof investment securities in line with our policy of reducing strategic shareholdings. As a result,the impact on profit attributable to owners of parent in the consolidated financial results forecast(announced on February 9, 2024) and on profit in the non-consolidated financial results forecast(announced on November 9, 2023) will be negligible. Accordingly, those forecasts have not beenrevised.

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